Purley asset-based lenders are most likely going to be hard money lenders whose rates are typically going to be much higher.

To remedy this for next time I am in the process of creating a design board that can be used as a base for future flips.

Thanks for touching base and let me know if there's room for collaboration on any of your projects or just willing to share lessons you've picked up along the way.

Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

Based on my reading and understanding I'd like to form my LLC in Wyoming. 

. $360k equity (based on your estimated loan balance and estimated transaction costs if you sold, this is not calculating capital gains taxes but that would reduce your equity down to about $310k if you sold without doing a 1031 exchange). $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).

Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best. 

And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction. 

I think you'll just generally have less competition, so your chances of landing a property are higher, but I'm not seeing any bargains due to seasonality like there used to be.

I'm based in the Boise area so we're a little far apart.